The declining trendline as indicated has only been broken once. The pair has been forming lower highs from the 121.80/122 levels in Dec.
To me the pair is running out of steam and a selloff will occur. The pair is also forming a triangle and a break to the downside can open the possibility for a trend reversal.
To me the pair is running out of steam and a selloff will occur. The pair is also forming a triangle and a break to the downside can open the possibility for a trend reversal.